Electroneum Launches $80 Smartphone that Rewards Users with ETN

Electroneum Launches $80 Smartphone that Rewards Users with ETN 1

News reaching Ethereum World News indicate that the team at Electroneum have released a new smartphone that rewards users with ETN and has a pocket friendly price tag of $80. The device, dubbed the M1, incorporates the project’s cloud mining technology and enables users to earn cryptocurrency through a simple app. Through the phone, Electroneum is using the power of the blockchain to unlock the global economy for millions of people in the developing world.

Below is a tweet by the team also announcing the launch of the smartphone.

Earn $3 Worth of ETN Per Month

The smartphone’s app-based cloud mining system makes ETN more accessible to users. The device has the potential to earn owners up to $3 a month. The ETN earned can be used to pay for services such as mobile top ups (airtime and data connection) and other services such as online shopping.


Electroneum CEO and founder, Richard Ells, explained how the M1 was the result of having the best working on developing of the phone.

With our experience in tech, we were able to gather a world-class team consisting of telecommunications, manufacturing, emerging area mobile-operators, product design and marketing specialists, all helping to make this utopian vision of ours a reality.

Without the broad range of talent and expertise, we could never have imagined the possibility of making a product of this calibre accessible for anyone in the world, and we are extremely proud of the result.

The M1 has the following standard features:

  • Android 8.1 Go Edition
  • 8GB Internal storage that is expandable to 32GB
  • 4.5″ touchscreen
  • 4G connectivity
  • Dual SIM
  • Bluetooth 4.0
  • GPS
  • Front (2 MP) and Rear (5MP) cameras
  • 1,600 mAh Battery capacity
  • 1 Year warranty

Weiss Ratings Opinion of the Phone

However, not everyone is convinced about the capabilities of the new M1 smartphone by Electroneum. In a recent tweet, the team at Weiss Ratings was very doubtful that the mining capabilities of the phone were actually functional. The tweet stated the following.

#Blockchain startup #Electroneum launches a cheap Android Smartphone that “mines” #crypto: It costs $80 and they claim it can mine up to $3 per month worth of #ETN, Electroneum’s native token. Fake mining from Electroneum.

What are your thoughts on the M1 smartphone by Electroneum? Will it ease crypto adoption across the globe? Please let us know in the comment section below. 

[M1 Smartphone image courtesy of Electroneum.com]

Disclaimer: This article is not meant to give financial advice. Any additional opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you

Electroneum Launches $80 Smartphone that Rewards Users with ETN 2
About the author

E-Crypto News was developed to assist all cryptocurrency investors in developing profitable cryptocurrency portfolios through the provision of timely and much-needed information. Investments in cryptocurrency require a level of detail, sensitivity, and accuracy that isn’t required in any other market and as such, we’ve developed our databases to help fill in information gaps.

Related Posts

E-Crypto News Executive Interviews



bitcoin
Bitcoin (BTC) $ 42,204.00
ethereum
Ethereum (ETH) $ 2,863.23
cardano
Cardano (ADA) $ 2.25
tether
Tether (USDT) $ 0.999612
binance-coin
Binance Coin (BNB) $ 341.07
xrp
XRP (XRP) $ 0.9234
solana
Solana (SOL) $ 130.60
usd-coin
USD Coin (USDC) $ 1.00
polkadot
Polkadot (DOT) $ 28.86
dogecoin
Dogecoin (DOGE) $ 0.205415
USD
EUR
GBP
bitcoinBitcoin (BTC)
$ 42,204.00
ethereumEthereum (ETH)
$ 2,863.23
tetherTether (USDT)
$ 0.999612
bitcoin-cashBitcoin Cash (BCH)
$ 508.96
litecoinLitecoin (LTC)
$ 148.32
bitcoinBitcoin (BTC)
35.956,54
ethereumEthereum (ETH)
2.439,39
tetherTether (USDT)
0,851639
bitcoin-cashBitcoin Cash (BCH)
433,62
litecoinLitecoin (LTC)
126,36
bitcoinBitcoin (BTC)
30,795.63
ethereumEthereum (ETH)
2,089.26
tetherTether (USDT)
0.729402
bitcoin-cashBitcoin Cash (BCH)
371.38
litecoinLitecoin (LTC)
108.23

Automated trading with HaasBot Crypto Trading Bots

Crypto Scams

Crypto Scams
Crypto Scams Still Persistent In 2021, SEC Warns About Red Flags To Watch
September 9, 2021
Poly Network
Here’s How Hackers Stole Over $600 million in the Poly Network Attack
August 12, 2021
The World’s Most Infamous Crypto Hacks and Scams
July 31, 2021
Cryptocurrency Exchanges
Cryptocurrency Exchanges and the Plague of Scams and Bans
June 29, 2021
What Role Do Cryptocurrencies Play In The Era Of Ransomware Attacks?
June 9, 2021

Blockchain/Cryptocurrency Questions and Answers

Beginner’s Guide to Investing in Cryptocurrency
August 9, 2021
Short-Sell Cryptocurrency
How to Short-Sell Cryptocurrency: A Brief Overview
July 17, 2021
Klaytn
What Is Klaytn (KLAY) And How Does It Work?
July 16, 2021
Cryptocurrencies
Our Crypto Roundup Interview Asks- Do Cryptocurrencies Have a Future?
July 15, 2021
Solana
What Is Solana (SOL) And How Does It Work?
June 26, 2021


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin42,212 0.32 % 1.74 % 12.55 %
Ethereum2,862.5 0.74 % 2.80 % 16.49 %
Cardano2.240 0.74 % 5.96 % 5.49 %
Tether0.9986 0.03 % 0.08 % 0.23 %
Binance Coin341.26 0.09 % 5.39 % 17.07 %
XRP0.9229 0.36 % 3.40 % 14.21 %
Solana130.56 0.44 % 7.75 % 23.25 %
USD Coin1.000 0.14 % 0.13 % 0.14 %
Polkadot30.87 2.19 % 17.29 % 10.73 %
Dogecoin0.2057 0.36 % 3.39 % 14.98 %

bitcoin
Bitcoin (BTC) $ 42,204.00
ethereum
Ethereum (ETH) $ 2,863.23
cardano
Cardano (ADA) $ 2.25
tether
Tether (USDT) $ 0.999612
binance-coin
Binance Coin (BNB) $ 341.07
xrp
XRP (XRP) $ 0.9234
solana
Solana (SOL) $ 130.60
usd-coin
USD Coin (USDC) $ 1.00
polkadot
Polkadot (DOT) $ 28.86
dogecoin
Dogecoin (DOGE) $ 0.205415